Supermarket Income REIT invests £210.5m in first quarter, declares dividend
Source - SMW
Supermarket Income REIT said it had invested £210.5m in four supermarket assets in the first quarter, while declaring a quarterly dividend that put it on track to meets its annual payout guidance.
The property investor declared a dividend for the three months through March of 1.375p per share and said it still expected to pay annualised dividends of 5.5p per share.
'Since our IPO in July 2017, Supermarket Income REIT has rapidly built a portfolio of high quality UK supermarket property generating attractive inflation-linked income for shareholders,' Ben Green of Atrato Capital, the group's investment advisor, said.
'During the quarter, we concluded two rent reviews with increases of 3.9%, demonstrating the value of the contracted RPI linkage in our leases.'
The company's investment properties were independently valued on 31 March at £210.5 million, representing an increase of 4.5% above their aggregate acquisition price.
At 8:17am: (LON:SUPR) Supermarket Income Reit Plc share price was 0p at 101p